Challenges in the Global Environment

Challenges in the Global Business Environment

Chevron Corporation

Denise Johnson

Professor Cito Vanegas

Business 475-Business and Society

1 December 2014

Chevron is a company that has an extensive strong history, which began when a group of explorers and merchants established the Pacific Coast Oil Company on September 10, 1879, in San Francisco. The company has changed its name more than once but claims to have always retained their founders' spirit of grit, innovation and perseverance (Chevron 2013). They have transformed into what is now Chevron Corporation, recently ranked 9th among the world's top oil companies by Petroleum Intelligence Weekly in 2013, second to US oil companies behind ExxonMobil (Chevron 2013). Chevron has partnered with other companies, each with their unique history, strengths, and character. Mostly, they have grown from a San Francisco-based company with a five-state market in the Western United States to a major corporation whose affiliates conduct business globally.

The company has a market capitalization of over $204.9 billion. They have expanded into essentially every area of the energy industry, including exploring for, producing and transporting crude oil and natural gas. Chevron conducts operations in the fields of refining, marketing, distributing transportation fuels, lubricants, and manufacturing, selling petrochemical products; generating power, producing geothermal energy, providing energy efficient solutions and developing energy resources for the future. They are the largest private producer of oil in Kazakhstan, oil and natural gas producer in Thailand, and overall oil producer in Indonesia. It has operations in more than one hundred countries and employs approximately 58, 286 employees (Chevron, 2013).

Presently, Chevron has various projects in motion that will tap into fresh resources around the globe, including several offshore projects in Africa, Asia, and Europe. They are...